Belpointe Asset Management LLC trimmed its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 69.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,599 shares of the company’s stock after selling 103,222 shares during the period. Belpointe Asset Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $1,636,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CEF. NewEdge Advisors LLC grew its holdings in shares of Sprott Physical Gold and Silver Trust by 10.5% during the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock valued at $223,000 after buying an additional 744 shares in the last quarter. Truist Financial Corp lifted its stake in Sprott Physical Gold and Silver Trust by 10.4% in the 2nd quarter. Truist Financial Corp now owns 42,564 shares of the company’s stock worth $1,281,000 after acquiring an additional 4,000 shares in the last quarter. Midwest Financial Group LLC boosted its position in Sprott Physical Gold and Silver Trust by 7.0% during the 2nd quarter. Midwest Financial Group LLC now owns 13,788 shares of the company’s stock worth $415,000 after acquiring an additional 908 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Sprott Physical Gold and Silver Trust by 13.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 67,252 shares of the company’s stock valued at $2,024,000 after acquiring an additional 8,149 shares in the last quarter. Finally, Sunbeam Capital Management LLC increased its holdings in shares of Sprott Physical Gold and Silver Trust by 94.6% in the 2nd quarter. Sunbeam Capital Management LLC now owns 47,152 shares of the company’s stock valued at $1,419,000 after purchasing an additional 22,917 shares during the period.
Sprott Physical Gold and Silver Trust Price Performance
NYSEAMERICAN CEF opened at $59.11 on Thursday. The company has a 50 day simple moving average of $46.79 and a 200-day simple moving average of $38.90. Sprott Physical Gold and Silver Trust has a 52-week low of $25.19 and a 52-week high of $61.36.
About Sprott Physical Gold and Silver Trust
The Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) is a closed-end investment trust that provides investors with direct exposure to physical gold and silver bullion. Established in 2019 and sponsored by Sprott Asset Management, the trust holds allocated London Good Delivery gold bars and London Silver Fix silver bars in secure vaults, offering a transparent alternative to traditional equity- or futures-based precious metals vehicles. Each trust unit represents a proportional interest in the bullion holdings, and investors gain ownership of the underlying metal without assuming the logistics of purchase, storage, or insurance.
To maintain its inventory, the trust purchases bullion through approved bullion dealers and London bullion market participants.
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